Smartstockz

[december]

This is THE report that we've all been waiting for (IMO).

http://www.prnewswire.com/cgi-bin/stories.pl?ACC\
T=104&STORY=/www/story/01-10-2006/0004246494&EDATE=

"The CIBC World Markets study found that over 60 per cent of the 3.6
million barrels of new oil production expected to come in stream in
2006 will simply offset depletion from existing fields like the North
Sea and Kuwait's Burgan. After depletion, new supply is expected to
grow by less than 1.5 million barrels per day in 2006 and 2007, and by
less than a million barrels a day in 2008. The study also found that
net of depletion, global conventional oil production seems to have
peaked in 2004."

Peak!

We're in the platteau. With much of the developing world still hoping
for growth, expect oil prices to climb upwards, IMO.

"Mr. Rubin notes that Canadian oil sands may not only become one the
world's most valuable energy sources, but one of the few remaining
still open to private investment."

The key thing here is, "one of the few remaining still open to private
investment."

As more people want to put there money into oil, there will be fewer
and fewer investments to make. Not only in an absolute way, but in a
relative way, as nationalized oil resources make a bigger and bigger
portion of the supply!

Amazing how inconspicuous such a landmark report can be.

Michael Dewolf